Pakistan LNG Limited (PLL) has successfully secured three bids for spot liquefied natural gas (LNG) cargoes, priced between $17.997 and $18.88 per million British thermal units (mmBtu). These deliveries are scheduled between April 27 and May 8, 2026, following an urgent tender issued due to disruptions in the Strait of Hormuz.
The tender attracted four bids, with the lowest three being accepted. TotalEnergies offered the lowest bid for the April 27-30 delivery window at $18.88 per mmBtu. Vitol Bahrain’s bid of $18.54 was the lowest for the May 1-7 window, while OQ Trading secured the May 8-14 delivery at $17.997 per mmBtu. Each cargo will deliver 140,000 cubic meters of LNG delivered ex-ship (DES).
This tender was necessitated by Qatar’s inability to dispatch LNG cargoes stranded in the Gulf due to the closure of the Strait of Hormuz, a critical maritime route. Previously, Qatar’s LNG shipments to Pakistan were returned due to security concerns in this vital waterway.
In March 2026, the Oil and Gas Regulatory Authority (Ogra) announced a significant increase in the price of regasified liquefied natural gas (RLNG), ranging from 19% to 22%, setting prices at $12.50 to $14 per mmBtu for distribution by the Sui gas companies.
Looking ahead, Pakistan’s energy sector remains under pressure to secure stable LNG supplies amidst geopolitical tensions. The outcome of these tenders could play a crucial role in stabilizing energy prices and ensuring consistent supply in the coming months.
Published in SouthAsianDesk, April 25, 2026
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